Latest Headlines
- FDOT Updates Status Of Century Highway 29 Construction Work
- Tate Grad, UWF Standout Darrien McDowell Selected In 2024 MLB Draft
- Suspect, 19, Indicted For Fatal Drive-By Shooting Of 70-Year-Old
- Blue Angels Select Officers for 2025 Show Season
- ECSO: McDavid Woman Claims Crockpot ‘Magically Makes Meth”, Charged With Child Neglect
- Driver’s License, Tag, Tax Collector Services This Week In Walnut Hill, Century
- Florida Gas Prices Hold Steady Over Last Week
- Register Now For Northview Chiefs Football Camp
- Wahoos Drop Back-and-Forth Road Finale
- Walnut Hill Man Was The Boss Of The Pensacola Beach Air Show. Here’s A Behind The Scenes Look.
Foreclosure Bill Dies
March 13, 2012
A controversial measure to speed up foreclosures fell by the wayside as lawmakers called it quits with the end of their regular session last week.
The proposal would have accelerated foreclosure proceedings on abandoned properties and also made it easier for lenders to complete proceedings in cases in which both parties agreed to end the process.
For consumers, the bill would have reduced the length of time lenders could go after a borrower following a foreclosure sale from five years down to one year.
Backers said the change would have allowed homeowners to get on with their lives.
Other provisions, however, were more lender friendly, including relaxing the restrictions on foreclosing on abandoned property and limiting damages in foreclosure cases to monetary damages.
By The News Service of Florida
Comments